Virtual - Uniform Commercial Code Amendments for a Digital World



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Uniform Commercial Code 
Amendments for a Digital World

Wednesday, June 5, 2024
1:00 - 2:15 p.m.
Zoom - (Link to be sent in confirmation email)



Industry Experts

Stephen L. Sepinuck
Special UCC Advisor, Paul Hastings

Jennifer S. Martin 
Professor of Law and 
Director of Financial Compliance and Risk Management Online Program
Albany Law School

Teresa Wilton Harmon
Managing Partner, Sidley Austin LLP

Join us as we discuss the 2022 Amendments to the Uniform Commercial Code (UCC), which are enacted in 20 states plus the District of Columbia and are pending in eight additional states, including New York. This session will delve into the changes brought about by Articles 2, 9, and the new 12 on Digital Assets, focusing on their implications for transactions involving emerging technologies and general modernization of the UCC. Our panel features three industry experts, who will provide in-depth analysis and discuss practical applications in today's digital landscape.

This webinar is a must-attend for legal professionals, tech industry stakeholders, and anyone interested in the future of commercial law and digital commerce. Don’t miss the opportunity to gain a deeper understanding of these pivotal amendments and how they stand to reshape the business and legal frameworks in New York.

Key takeaways from this webinar will include: 

  • How these legislative changes will affect the sale of goods.
  • Understanding the implications for secured transactions.
  • Gaining insight into the governance of controllable electronic records under Article 12.

About the Industry Experts

Stephen L. Sepinuck, Special UCC Advisor, Paul Hastings

Stephen L. Sepinuck

Stephen L. Sepinuck has an A.B. from Brown University, a J.D. from Boston University, and an LL.M. from New York University, and is admitted to practice law in California.  He became a full-time academic in 1989, teaching courses on Secured Transactions, Bankruptcy, Sales, Contracts, and Transactional Skills, and authoring more than 20 books and 100 articles.  In the 1990s, he advised the drafting committee that revised Article 9 of the UCC and chaired its Task Force on Deposit Accounts.  Later, he served as the ABA Advisor to the drafting committee that revised Article 9 in 2010.  More recently, he was the Associate Reporter for the 2022 UCC Amendments on Emerging Technologies.  In 2022, he returned to full-time private practice at Paul Hastings but continues to teach as an adjunct faculty member at Vanderbilt Law School.  He is an elected member of the American Law Institute, a fellow of the American College of Commercial Finance Lawyers, the Executive Director of the Commercial Law Amicus Initiative, a former chair of the ABA’s UCC Committee, and has won awards for his teaching, scholarship, and public service.

 Jennifer S. Martin, Professor of Law and Director of Financial Compliance and Risk Management Online Program, Albany Law School 

Jennifer S. Martin

Jennifer S. Martin joined Albany Law School as a Professor of Law on July 1, 2023 from St. Thomas University School of Law. Professor Martin is a nationally renowned scholar in the area of contract and commercial law. She has published many articles on contract and commercial law remedies, wartime and conflict contracting, consumer rights, and lender liability.  Professor Martin is an elected member of the American Law Institute. She is a co-author of two textbooks, CONTRACTS: A CONTEMPORARY APPROACH (West Academic 3d ed. with Chomsky, Kunz and Schiltz) and LEARNING SALES (West Academic 2d ed. with Chomsky, Kunz and Schiltz). She is also the author of the American Bar Association’s Annual Survey on Sales Law published annually in THE BUSINESS LAWYER. Her distinguished publications are many and include, Contract Remedies and the Myth of the Expectation Measure, 94 TULANE L. REV. (961 2020), Private Law Remedies, Human Rights and Supply Contracts, 68 AMERICAN L. REV. 1781 (2019) and Opportunistic Resales and the Uniform Commercial Code, 2016 ILL. L. REV. 487 (2016). Professor Martin prepares the annual update to COMMERCIAL AND CONSUMER WARRANTIES (Lexis).

Professor Martin graduated from Vanderbilt Law School, and was an Associate with the international practice group of Baker & Botts, L.L.P., practicing in both the Houston and Dallas offices. A member of the Texas and American Bar Associations, Professor Martin was a Principal Attorney for Houston Industries Incorporated (now Reliant Energy), working on power generation transactions domestically and internationally.

Teresa Wilton Harmon, Managing Partner, Sidley Austin LLP

Teresa Wilton Harmon

Teresa Wilton Harmon is the managing partner of Sidley’s Chicago office, a member of the firm’s Executive Committee, and a partner in the firm’s Global Finance practice area, focusing on financial transactions and commercial law. Her financial transactions experience includes secured and unsecured loans, workouts and restructurings, structured finance and securitization. For several years, Teresa’s practice has placed particular emphasis on financial transactions involving regulated and emerging industries, including derivatives, clearing organizations, exchanges, financial market utilities, student loan companies, electric utilities and fintech companies. Her experience and knowledge allow her to bridge the gap between complex legal regimes and sound financial principles. Teresa takes an active role in counseling regulated industry clients and financial market participants on liquidity solutions, collateral and risk management methods, default scenarios, counterparty risk, netting and adapting to new legal regimes.

Teresa’s commercial law practice includes all articles of the Uniform Commercial Code, with a special emphasis on Article 9 secured transactions. Teresa’s commercial law experience includes using the tools of commercial law to help clients build and navigate blockchain, distributed ledger technology, virtual currency, digital currency and tokenized security platforms. Teresa has honed her UCC knowledge as an active participant in UCC drafting committees, as a member of the Permanent Editorial Board for the UCC and as an adjunct professor teaching Secured Transactions at The University of Illinois College of Law. She is a nationally recognized speaker on UCC and other commercial law issues and is a co-author of a widely distributed annual Commercial Law Developments update.

Teresa was recognized in Crain’s Chicago Business’ 2023 “Who’s Who in Chicago Business” and 2022 “Notable Women in Law.” In 2022, Teresa was recognized by The American Lawyer as a “Midwest Trailblazer” for her work in the fintech area. Chicago Daily Law Bulletin and Chicago Lawyer jointly honored Teresa at the inaugural “50 Women in Law Awards” in 2020. Teresa has also been named to Crain’s Chicago Business’ 2019 “Notable Gen X Leaders in Law” list and 2020 “Notable Women Executives Over 50” list. She was also named a “Trailblazer in Finance and Banking” by The National Law Journal (2019). 

CLE Information

Albany Law School’s Center for Continuing Legal Education has been certified by the New York State Continuing Legal Education Board as an accredited provider of Continuing Legal Education in the State of New York.  This program has been accredited as a source of 1.5 continuing legal education credit for both transitional and non-transitional attorneys in New York State. (1.5 Professional Practice)   For financial hardship guidelines, please call the Center for Continuing Legal Education at (518) 472-5888. 


We welcome requests for accommodation due to a disability Please contact Albany Law School’s Center for Continuing Legal Education at (518) 472-5888 at least a week prior to the course to discuss your requirements.


New York State Continuing Legal Education Board regulations state that credit shall be awarded only for attendance at an entire course or program, or for attendance at an entire session of a course or program.  No credit shall be awarded for attending a portion of a course or a portion of a session.

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